Page 3 - Shepcote Price List
P. 3

                Market News
In this issue we have some price increases, as well as price decreases, due to crop size, market conditions and of course currency. You will also spot some new lines as we expand our product range.
New Lines
We are excited to be stocking two new Renshaw lines. The White Extra Ready to Roll Icing (page 18) is formulated to be extra firm and extra elastic, perfect for the professional baker. And the Renshaw Ginger Crush (page 15), brilliant for enhancing any recipe.
We have also added five fantastic new flavours of Cashews and Peanuts. These are available in bulk, 6x1kg and 1kg bags. See pages 8 and 9 for
more details.
Almonds - The September shipment report shows
a big jump compared to last September and there
is evidence that the use and application of almonds continues to grow the world over. Prices are up. Long term there are plans for more planting of Almond Trees to keep up with demand.
Pecans - Prices are stable in both the USA and Mexico. Fortunately, the damage by Hurricane Dorian was minimal and hopefully will not affect the harvest in October and November.
Pine Nuts - After record highs, lower prices will be reflected in our next price list in March.
Walnuts - The estimate for the Californian Walnut crop is lower (630,000 tonnes against expectations of 675,000 tonnes) meaning prices are higher. New crop Moldovan and Chinese Walnuts will be with us
by December.
Tel: 01377 252537 Sales Freefone: 0800 3283279 Fax:01377252539
Dried Fruits
Currants - The new crop is bigger this year (22,000 tonnes against 16,000 tonnes last year) and prices have fallen. Long term doubts persist as Greek farmers select less risky crops or are moving away from agriculture completely in search of higher paid jobs and opportunities.
Raisins - Californian Thompson Seedless Raisins are down in price. The differential in price between California and Turkey became too great and their market share was eroded. This has been recognised and the gap has been narrowed.
Sultanas - Despite a larger crop (300,000 tonnes against 250,000 tonnes last year) prices are unlikely to come down. This is due to the government buying large stocks in the hope to tighten supply and drive prices higher. However, if all the crop is safely harvested and the government release their stock, prices could ease in April next year.
After last year’s record lows, the price of Sugar has increased. It is a typical case of supply and demand. The last sugar year (01/10/18 to 30/09/19) saw an excess of Sugar in the world but the reverse has happened this year (01/10/19 to 30/09/20).
My thanks for your support and as always, please contact me if the need arises.
6th November 2019.
Richard Shepherdson

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